What are Intellectual Property claims?

Intellectual property (IP) refers to “creations of the mind”. This includes a very wide range of creations including literary works, inventions and product designs. If the creation meets requirements for copyright, a patent or a design, your IP can be legally protected.

Unfortunately, intellectual property infringements are a common occurrence, especially for sole traders or smaller organisations.

Put simply, IP infringement is the breach of intellectual property rights. Intellectual property infringements can manifest in various ways:

• Counterfeiting: imitation of goods with the intent to take advantage of IP.

• Piracy: the unauthorised copying, use, reproduction or distribution of IP.

• Trademark Infringement: the violation of exclusive rights granted by a trademark.

• Patent Infringement: manufacturing, importing, using or selling patented products without permission from the owner of the patent.

• Design Infringement: manufacturing, importing or exporting a product without consent from the owner of the design rights.

• Copyright Infringement: the use of protected works without gaining permission from the holder.

Intellectual Property and Litigation Funding

As with many cases that utilise third-party funding, intellectual property infringement can be incredibly expensive and the litigation can be lengthy. This makes IP litigation funding imperative for many clients. 

IP litigation funding can exist in many different forms, with some disputes being multi-jurisdictional. There are funders with a specific interest in intellectual property disputes and it is recommended that clients seek funders with expertise in IP due to the complex nature and potential length of the dispute. 

It is very common for intellectual property infringement disputes to be third-party funded, due to their size, expense, and length. Third-party litigation funding for these cases not only allows you to fight the claim with sufficient resources but also frees up your finances to be spent elsewhere during the potentially lengthy legal process.

FINLEGAL.IO and Intellectual Property

FINLEGAL.IO’s unique and intuitive one-form single application system is designed to suit a wide range of claims, no matter the size or nature. Through a combination of funding, technology and people, we are able to save crucial time for both lawyers and funders.

Our team of experts have built a process that helps lawyers construct a well-written and structured request for class action litigation funding. Using our video guides and tips on using the right language, you will produce a request with the best chance of securing funding.

When your litigation funding request is complete, it will reach a single market filled with funders seeking their perfect match. Be assured when using FINLEGAL.IO that all compliance requirements are met and that your case is on course to receive the best commercial terms for third-party funding.

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